Dominion Markets Review

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Dominion Markets is a broker that offers online trading services to clients around the world. The broker claims to provide a secure, transparent, and reliable trading environment for traders of all levels and preferences. In this article, we will review Dominion Markets and see how it performs in various aspects of online trading such that by the end of this article, you will have a clear idea of what Dominion Markets can offer you as a broker and whether it meets your expectations and requirements.

Summary

Dominion Markets is an online ECN Forex broker that was established to provide safe and fair trading environments on Metatrader 4 & 5 for traders across the globe. It specializes in low spreads and fast withdrawals and offers various incentives and educational resources for its clients. Dominion Markets has four types of accounts to suit different trading needs and preferences: ECN, Standard STP, ECN Plus, and Islamic.

The ECN account is designed for experienced traders who require deep liquidity and tight spreads, and it charges commissions that can be redeemed as incentives. The Standard STP account is perfect for novice traders who want simple, direct market access with no commissions. The ECN Plus account offers institutional-grade liquidity for professional traders, and it has lower commissions than the ECN account. The Islamic account allows traders to hold their trades over days without paying swap fees.

Dominion Markets supports over 200 trading instruments across all asset classes on MT5. These include 55 Forex currency pairs, 35 Cryptocurrency pairs, 64 stocks, 11 indices, metals, and commodities. Dominion Markets offers flexible leverage up to 500:1 for Forex trading, 100:1 for Indices and Metals trading, 30:1 for Cryptocurrency trading, and 20:1 for Stock trading. Dominion Markets also claims to have low latency, same-day withdrawals, no fees on deposits, segregated client bank accounts, and 24/5 support.

Dominion Markets is an offshore broker that is not regulated by any reputable authority. This means that it may pose a risk to the safety of the client’s funds and personal information. Some users have also reported slow deposits and poor customer service from Dominion Markets.

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Regulation

Dominion Markets Review

Dominion Markets is an online ECN Forex broker that claims to be governed by the laws of Saint Vincent and the Grenadines. However, this does not mean that Dominion Markets is regulated by any reputable authority. In fact, Saint Vincent and the Grenadines has no FX regulator and does not license or supervise any brokers operating in the country. Therefore, Dominion Markets is an offshore broker that cannot provide financial services legally and may pose a risk to the safety of the client’s funds and personal information.

Dominion Markets does not disclose its registration number or any other details about its legal entity on its website. This is another red flag that indicates a lack of transparency and accountability. The only possible registration number we found was for a company called Dominion Markets Pty. Ltd., which is registered in Australia with the number 011043191. However, we cannot confirm if this company is related to Dominion Markets or not, and it is also not regulated by the Australian Securities and Investments Commission (ASIC).

Therefore, we advise you to be very cautious when dealing with Dominion Markets, as it is an unregulated broker. You may not have any legal protection or recourse if you encounter any issues or disputes with them. We recommend you choose a broker that is regulated by a reputable authority, such as ASIC, FCA, CySEC, or IIROC. These regulators have strict rules and standards for brokers to ensure the safety and fairness of their clients. Please see a list of regulated brokers for some alternative options

Platforms & Tools

MT4 & MT5 Platforms

Dominion Markets is an online ECN Forex broker that offers its clients access to powerful technical charting and fundamental research tools on Metatrader 4 & 5. Metatrader is the world’s most popular trading platform for forex traders due to its ease of use, feature-rich environment, and automated trading ability. Dominion Markets supports over 200 trading instruments across all asset classes on MT5. Now let us take a closer look at the platforms and tools the broker offers:

• MetaTrader 4: Dominion Markets offers its clients access to the MT4 platform with no restrictions on trading, such as no minimum order distance, no freeze level, and no first in first out (FIFO) rule. Traders can also hedge positions and place orders as close to the market price as they like. Dominion Markets also offers flexible lot sizing, allowing traders to manage their trade sizes in accordance with their account balance. Dominion Markets supports over 55 forex currency pairs on MT4. It also provides market analysis and technical signals for its clients on its website. It also has an economic calendar integrated on its platform to help traders follow the fundamental news that affects market movement.
• MetaTrader 5: MT5 is the latest version of the Metatrader platform that offers more features and capabilities than MT4. It offers more chart types, time frames, indicators, and drawing tools. It also supports more trading instruments, such as stocks, indices, cryptocurrencies, metals, and commodities. MT5 also has a built-in market depth feature that shows the level of liquidity available in the market. Dominion Markets offers its clients access to the MT5 platform with no restrictions on trading, such as no minimum order distance, no freeze level, and no first in first out (FIFO) rule. Traders can also hedge positions and place orders as close to the market price as they like. Dominion Markets also offers flexible lot sizing, allowing traders to manage their trade sizes in accordance with their account balance.

Dominion markets also offer some innovative tools to ease the mental strain of trading on their clients, tools like:

• No Restrictions on Trading: allows traders to hedge positions and place orders as close to the market price as they like
• Flexible Lot Sizing: allows traders to manage their trade sizes in accordance with their account balance
• Market Analysis and Technical Signals: provides market analysis and technical signals for traders on the website
• Economic Calendar: helps traders follow the fundamental news that affects market movement

Education 

Dominion Markets is an online ECN Forex broker that offers its clients various educational resources and opportunities to improve their trading skills and knowledge. Dominion Markets has a dedicated education section on its website that provides the following features:

• Trading Academy: This is a comprehensive online course that covers the basics of forex trading, such as market analysis, trading psychology, risk management, trading strategies, etc. The course consists of 10 modules, each with a video lesson, a quiz, and a certificate of completion.
• Webinars: These are live online sessions that are hosted by experienced traders and analysts who share their insights and tips on various topics related to forex trading, such as technical analysis, fundamental analysis, market trends, etc. The webinars are interactive and allow the participants to ask questions and get feedback.
• E-books: These are downloadable books that provide in-depth information and guidance on various aspects of forex trading, such as chart patterns, candlestick formations, indicators, oscillators, etc. The e-books are suitable for both beginners and advanced traders who want to enhance their trading skills.
• Glossary: This is a list of common terms and definitions that are used in the forex market. The glossary helps traders to understand the terminology and jargon that are essential for forex trading.

Markets

Dominion Markets offers its clients access to over 200 trading instruments across all asset classes on MT5. These include:

• Forex: Forex is the largest and most liquid market in the world, where traders can buy and sell currencies against each other. Forex trading is available 24 hours a day, five days a week, and it involves factors such as interest rates, inflation, political events, etc. Dominion Markets supports 55 forex currency pairs on MT5, ranging from major pairs (such as EUR/USD, GBP/USD, USD/JPY, etc.) to minor pairs (such as AUD/NZD, CAD/CHF, NZD/CAD, etc.) and exotic pairs (such as USD/ZAR, USD/TRY, EUR/NOK, etc.). Dominion Markets offers flexible leverage up to 500:1 for forex trading.
• Cryptocurrencies: Cryptocurrencies are digital assets that use cryptography to secure transactions and control the creation of new units. Cryptocurrencies are decentralized and operate independently of central banks or governments. Cryptocurrencies are volatile and speculative, and they offer traders the opportunity to profit from price fluctuations. Dominion Markets supports 35 cryptocurrency pairs on MT5, such as BTC/USD, ETH/USD, LTC/USD, XRP/USD, etc. Dominion Markets offers flexible leverage up to 30:1 for cryptocurrency trading.
• Stocks: Stocks are shares of ownership in a company that are traded on stock exchanges. Stocks reflect the performance and value of a company, and they are influenced by factors such as earnings reports, dividends, news, etc. Stocks offer traders the opportunity to diversify their portfolios and benefit from capital appreciation and income generation. Dominion Markets supports 64 stocks on MT5, such as Apple, Amazon, Facebook, Google, Tesla, etc. Dominion Markets offers flexible leverage up to 20:1 for stock trading.
• Indices: Indices are baskets of stocks that represent a specific sector or market. Indices track the performance and trends of a group of companies, and they are used as benchmarks for investors and traders. Indices offer traders the opportunity to trade on the overall direction of a market without having to analyze individual stocks. Dominion Markets supports 11 indices on MT5, such as US30 (Dow Jones), SPX500 (S&P 500), NAS100 (Nasdaq), UK100 (FTSE 100), GER30 (DAX), etc. Dominion Markets offers flexible leverage up to 100:1 for indices trading.
• Metals and Commodities: Metals and commodities are physical goods that are traded on commodity exchanges. Metals and commodities are affected by factors such as supply and demand, weather, geopolitics, etc. Metals and commodities offer traders the opportunity to hedge against inflation and currency risks. Dominion Markets supports various metals and commodities on MT5, such as gold, silver, platinum, palladium, oil, natural gas, etc. Dominion Markets offers flexible leverage up to 100:1 for metals and commodities trading.

Accounts

Dominion Markets is an online ECN Forex broker that offers its clients four types of accounts to suit different trading needs and preferences: ECN, Standard STP, ECN Plus, and Islamic. Each account type has different features and benefits, such as spreads, commissions, leverage, minimum deposit, etc. Here is a brief overview of each account type:

• ECN Account: This account is designed for experienced traders who require deep liquidity and tight spreads. The ECN account charges commissions that can be redeemed as incentives. The ECN account has a minimum deposit of $1000 and offers leverage up to 500:1.
• Standard STP Account: This account is perfect for novice traders who want simple, direct market access with no commissions. The Standard STP account has a minimum deposit of $100 and offers leverage up to 500:1.
• ECN Plus Account: This account offers institutional-grade liquidity for professional traders. The ECN Plus account has lower commissions than the ECN account and also offers incentives. The ECN Plus account has a minimum deposit of $5000 and offers leverage up to 500:1.
• Islamic Account: This account allows traders to hold their trades over days without paying swap fees. The Islamic account follows the Sharia law and is suitable for Muslim traders. The Islamic account has a minimum deposit of $1000 and offers leverage up to 500:1.

Funding

Dominion Markets also offers its clients various methods of funding their trading accounts. Dominion Markets claims to have no fees on deposits and same-day withdrawals for its clients. Dominion Markets also claims to have segregated client bank accounts to ensure the safety and security of the client’s funds.

Dominion Markets supports the following funding methods:

• Credit/Debit Cards: Clients can use their Visa or Mastercard credit or debit cards to fund their accounts. The minimum deposit amount is $100 and the maximum deposit amount is $5000 per transaction. The processing time is instant and there are no fees charged by Dominion Markets. However, clients may incur fees from their card issuer or bank.
• Wire Transfer: Clients can use wire transfers to fund their accounts. The minimum deposit amount is $1000 and there is no maximum limit. The processing time is 2-5 business days and there are no fees charged by Dominion Markets. However, clients may incur fees from their bank or intermediary bank.
• E-Wallets: Clients can use various e-wallets to fund their accounts, such as Skrill, Neteller, Perfect Money, WebMoney, etc. The minimum deposit amount is $100 and the maximum deposit amount varies depending on the e-wallet provider. The processing time is instant and there are no fees charged by Dominion Markets. However, clients may incur fees from their e-wallet provider.

Conclusion

In conclusion, after a thorough review of Dominion Markets, it’s evident that they offer a comprehensive range of services and a user-friendly platform. Their commitment to transparency and customer satisfaction shines through. While every brokerage has its pros and cons, Dominion Markets appears to be a solid choice for traders seeking reliability and a variety of investment options. Nonetheless, it’s essential to acknowledge that while Dominion Markets offers compelling attributes, there exist brokerage firms with more extensive track records that could be viable alternative choices. To explore additional options, we encourage you to take a look at our trading broker reviews.

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Dominion Markets is an online ECN Forex broker that offers its clients access to over 200 trading instruments across all asset classes on MT5. It specializes in low spreads and fast withdrawals, and offers various incentives and educational resources for its clients.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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